Twitter is looking at whether to auction off inactive Twitter handle to raise more money, a report states

Twitter CEO Elon Musk stated last month that he would delete 1.5 billion accounts from the site. This would free up “name space.” “Chesnot/Getty images
According to the NYT, Twitter may auction off inactive Twitter usernames to raise funds. Elon Musk stated last month that he would delete 1.5 billion accounts from inactive Twitter accounts to free up “namespace.” Insider reported previously that some people will go to great lengths to obtain a unique username on social media.

According to reports, Twitter executives are looking for innovative ways to raise funds for their company.

According to the New York Times’, the social media platform is considering the possibility of selling Twitter handles from inactive accounts.

According to the paper, conversations about these auctions of usernames online have been ongoing since last month.

Twitter didn’t immediately respond to Insider’s request for comment.

Twitter CEO Elon Musk stated last month that he would delete 1.5 billion accounts, which will free up “name space,” but he didn’t mention plans to sell usernames.

This plan could be a part of Twitter’s efforts to find new revenue streams after Musk’s purchase of Twitter for $44 billion. The company has been paying increasing interest payments since then. Late last year, the company reduced its workforce by half and started charging $8 per month for its “Twitter Blue” verification system.

Musk warned that bankruptcy is possible despite these cost-cutting measures.

Although it is unlikely that Twitter’s dormant account have usernames that are attractive enough to make a lot of money for the company, Insider reported previously that some people will go to great lengths to obtain unique social media handles, harassing people, and sometimes even threatening to kill people to get their usernames.

Business Insider has the original article.
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By: sdelouya@insider.com (Samantha Delouya)
Title: Twitter is weighing whether to auction off inactive Twitter handles to raise more money, report says
Sourced From: www.businessinsider.com/twitter-auctioning-off-inactive-username-handles-elon-musk-report-2023-1
Published Date: Wed, 11 Jan 2023 20:35:34 +0000